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New Zealand activist mounts legal challenge to plan to change climate law

A New Zealand climate activist said on Monday he has filed a High Court case challenging Justice Minister Paul Goldsmith's plan to change climate legislation to block private lawsuits against major greenhouse gas emitters.Mike Smith, a Maori elder, has applied for a judicial review of the governmen…

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Father and son rescued after four days buried under rubble of Venezuela's earthquakes

By Efrain OteroA father and his son were pulled out alive from the rubble of a collapsed building on Sunday, four days after the devastating earthquakes that struck Venezuela.It was a scene that gave hope to the French and U.S. rescue workers active in the area as they race against the clock to fin…

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Australia warns superannuation trustees over stark failures in fund oversight

Australia's corporate regulator on Monday warned superannuation trustees to address "stark and persistent" failures to protect retirement savings, after the collapse of the Shield and First Guardian schemes wiped out the retirement savings of thousands of people.Here are some details:($1 = 1.4503 A…

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ETFs
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Australia central bank outlines policy tools for times of crisis

Australia's central bank on Monday outlined what policy steps it would likely choose from should the country be hit by a financial or economic crisis that sends interest rates to near zero again, as happened during the COVID-19 pandemic.Outlining the new framework in a speech, Reserve Bank of Austr…

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Economy

Oil climbs following renewed US, Iran strikes in Middle East

By Florence TanOil prices rose on Monday following days of tit-for-tat strikes by the United States and Iran in the Middle East that underscored the fragility of their interim peace deal and again slowed energy shipping in the Strait of Hormuz.Brent crude futures ICEEUR:BRN1! climbed 52 cents, or 0…

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Futures
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Philippines leads the world in rush to solar as power prices soar

By Sudarshan Varadhan, Ruth Chai and Adrian PortugalPeople in the Philippines are flocking to install solar power on rooftops and escape the burden of soaring electricity prices, making it the world's biggest spender on solar panels since the war in Iran started.Top power distributor Meralco has ra…

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Economy
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UK companies turn gloomiest this year on growth, CBI says

British companies expectations for growth in the coming quarter fell this month to their lowest level this year, according to a survey on Monday that added to a run of downbeat business sentiment readings.The Confederation of British Industry (CBI) said its gauge of expected output volumes for the…

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Economy

Chinese AI, chip firms are driving an onshore IPO rebound

By Kane Wu and Yantoultra NguiChina's onshore technology IPOs are on track for their strongest year since 2023 as Beijing seeks to bolster listings of chip and artificial intelligence companies in a push for tech self-reliance amid the country's rivalry with the U.S.Technology companies have raised…

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ETFsStocksCN
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Capricious, violent, arbitrary: Venezuela's twin quakes

By Vivian SequeraI was lying on my bed, thinking about watching the Brazil soccer game — I can't even remember who they were playing — when the bedframe started moving like a mechanical bull.I pressed myself against the mattress, staring at the open window, said a blessing for my parents, closed my…

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Australia shares likely to open higher, NZ down

Australian shares were poised to open higher on Monday, with mining stocks expected to gain on stronger underlying prices, though rising oil prices following tit-for-tat U.S. and Iranian strikes could limit broader market gains.The local share price index futures (YAPcm1) rose 0.2%, a 9.8-point pre…

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